408 E PALM AVENUE, TAMPA, FL, 33602
Active295 days on marketListed Oct 16, 2025MLS #TB8437240
About this home
408 E PALM AVENUE
Corner infill development site in Tampa Heights. Highly visible ±9,044 SF parcel with approximately 68' frontage on E Palm Ave and 133' along Central Ave, offering flexible site orientation and efficient design potential. RM-24 zoning (24 units per acre) may support a 4-unit townhome or multifamily project, subject to buyer verification and City of Tampa approvals. Rear alley access further enhances layout efficiency and parking design options. The property is located in Flood Zone X (buyer to verify). The site’s dimensions and dual frontage provide multiple configuration opportunities for builders seeking efficient unit layouts. An existing 3BR/2BA single-family residence (±1,851 SF) offers potential interim rental income or can be cleared for redevelopment. Additional density or mixed-use potential may be achievable through a Planned Development process, subject to municipal approvals. Tampa Heights is one of Tampa’s most active infill submarkets, driven by strong multifamily fundamentals and proximity to Downtown Tampa, Armature Works, and the Riverwalk.
Facts & features
The home at a glance
0.21 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$5,747 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$5,747/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Tampa
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Tampa. See the full Tampa guide →
TAMPA 33602 — neighborhood snapshot
Population
19,694
Median age
35.2
Median income
$88,569
Median home value
$560,400
Avg household
1.78
Households w/ children
1,289
For the school run
Hillsborough County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Tampa market
$413K → $435K
Tampa median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
Median sold price, Tampa, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 44% above the TAMPA 33602 median. See the full Tampa market guide →
Paper trail
This home's history
Reality check
What actually sold near 408 E PALM AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$369,000
101 N 12TH STREET UNIT 400
1 bd · 1 ba · 925 sqft · $399/sqft · 218 DOM
Sold · Apr ’26$318,000
111 N 12TH STREET UNIT 1519
1 bd · 1 ba · 934 sqft · $340/sqft · 7 DOM
Sold · Jul ’26$330,500
111 N 12TH STREET UNIT 1320
1 bd · 1 ba · 934 sqft · $354/sqft · 16 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Krystina Allen
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 408 E PALM AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 408 E PALM AVENUE — before you fall in love.
See it in person
Schedule a tour
Live availability from Krystina's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
408 E PALM AVENUE FAQs
What would the monthly payment be for 408 E PALM AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,747/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 408 E PALM AVENUE?+
The most recent tax bill on record (2024) was $6,448. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Tampa?+
At $875,000, this home is listed about 94% above the Tampa median of $450,000. The market section on this page shows how the area is trending.
Which schools are assigned to 408 E PALM AVENUE?+
Gorrie Elementary School (elementary), Wilson Middle School (middle), Patricia Sullivan Metropolitan Ministries Partnership School (elementary), Plant High School (high) — Hillsborough County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$875,000 runs 44% above the TAMPA 33602 median.
02Time on market is leverage
295 days on market against a Tampa median of 40 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Gorrie Elementary School, Wilson Middle School, Patricia Sullivan Metropolitan Ministries Partnership School, Plant High School — Gorrie Elementary School rates 5 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $1,200,000, now $875,000 — a $325K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of EZ CHOICE REALTY · Michele Frasure. MLS #TB8437240.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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